HELP PLEASE!!! ONE QUESTION I'M STUCK ON!!!

Adam has $10 in a savings account. The interest rate is 5%, compounded annually.

To the nearest cent, how much interest will he earn in 3 years?

Use the formula B = p(1 + r)t, where B is the balance (final amount), p is the principal (starting amount), r is the interest rate expressed as a decimal, and t is the time in years. - See more at: http://www.ixl.com/math/grade-8/compound-interest#sthash.BEwMwBQ4.dpuf

Question

HELP PLEASE!!! ONE QUESTION I'M STUCK ON!!!

Adam has $10 in a savings account. The interest rate is 5%, compounded annually.

To the nearest cent, how much interest will he earn in 3 years?

Use the formula B = p(1 + r)t, where B is the balance (final amount), p is the principal (starting amount), r is the interest rate expressed as a decimal, and t is the time in years. - See more at: http://www.ixl.com/math/grade-8/compound-interest#sthash.BEwMwBQ4.dpuf

anonymous · Answer

do to close the question if you need help on it

anonymous · Answer

and I have no idea